June 18, 2024
Router Protocol has successfully completed a strategic funding round that was oversubscribed, attracting significant investments from a group of crypto enthusiasts and prominent funds. This influx of capital signifies a strategic broadening of Router's capital structure with key figures who are deeply rooted in the crypto universe.
Project | Latest Raise Date | Stage | Category |
|---|---|---|---|
Router Protocol | June 18, 2024 | Strategic Funding | Web3 |
The purpose of this round was not just financial, but also to assemble a team of crypto practitioners who can foster ecosystem development as the technology progresses. The new group of esteemed angels and advisors includes several prominent web3 executives and founders, such as Keone Hon from Monad, Parker Jou of Caldera, and Amrit Kumar from Altlayer. Their expertise is anticipated to be vital in steering Router through its upcoming growth stages.
Existing investors, including Wintermute Ventures, Woodstock, and DeFi Capital, also participated, reaffirming their belief in Router's vision. This funding round assembled influential individuals like Zaki Manian of Sommelier and Cosmos, and Surojit Chatterjee, a veteran of Coinbase and Google. They are expected to play a pivotal role in promoting Router's enhanced capabilities.
The funds raised will be strategically used to support the forthcoming launch of the Router Chain mainnet, which aims to transform the way value is transferred across blockchains by simplifying interactions and improving user experiences.
About Router Protocol
Router Protocol is a layer 1 chain designed for cross-chain interoperability. The mission of Router Protocol is to onboard the next billion users into the blockchain ecosystem by eliminating inter-chain barriers that hinder ecosystem communities from collaborating and growing together. The project, which started in 2020, aims to prevent the future problem of isolated silos of users, liquidity, and ecosystems.
The protocol has attracted a roster of crypto operators, including high-profile web3 executives and founders, who are expected to guide Router through its growth phases. Existing investors have reaffirmed their confidence in Router’s vision.
Website: https://www.routerprotocol.com/
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About Investor
Router Protocol raised a Strategic funding round by Parker Jou, RavenDAO, Amrit Kumar, Luganodes, Amitej Gajjala, Keone Hon, Gokul Rajaram, Woodstock Fund, Wintermute Trading, Aniket Jindal, Anurag Arjun, Ajit Tripathi, Surojit Chatterjee, Crypto Banter, Ravindra Kumar, Zaki Manian, DeFi Capital, and others.
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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